Saved Week 7 Homework 6 Check my work Power Drive Corporation designs and produces a line of golf equipment and golf apparel, Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021 points March 1 Issues 46,00 additional shares of $1 par value common stock for $43 per share. May 10 Purchases 4,100 shares of treasury stock for $46 per share. June 1 Declares a cash dividend of $1.05 per Share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. October 21 Resells 2,650 shares of treasury stock purchased on May 10 for $51 per share. July Book Hint Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) ASK Credit View journal entry worksheet References View transaction list Debit 1.978.000 Date No 46.000 1,932.000 March 01, 2021 General Journal Cash Common Stock Additional Paid in Capital 188.500 188.600 Treasury Stock 2 May 10, 2021 Cash Next >